- Yi: +33.32
- Possible bottom here for: MJ
- Attempting to bottom out in this area: MRK
- Extremely oversold: NUS and RGLD
- At the average oversold level: AEM, AIG, SEE
- Moderately oversold: NTAP
- Trying to hold rising trend line support: LEN
- Attempting to hold the 28 DMA: BYND, JNJ, ROK, UTX
- Up against the 65 DMA: A, $COPPER, $CRB, $SOYB
- Up against the 28 DMA: MED
- Up against rising trend line resistance: HRL
- Moderately overbought: CBRL and VOX
- At the average overbought level: NVDA and $USD
- Getting toppy: AMAT, CAR, MMS, NFLX, QCLN, UUP
- A break out in either direction is on the way for: KOL, MAN, MTSI, SHAK, SNA, TSLA, WHR
- Anything posted on these pages may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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